No matter even if gold is glittering high with its skyrocketing prices but still it’s the first and most preferred choice when it comes to Indian wedding season. Gold has been classic and timeless option which always keeps alluring jewellery lovers. But accept it or not, rising prices of gold has made buyers to think twice before buying gold and thus they are ending up with the option of buying less carat’s gold. 24 carat has become a dream for all those middle class gold and gold jewellery buyers.
How to Calculate Value of Gold?
It is not hidden that gold’s purity is measured by carats. So measuring any ornament’s value becomes easy with these carat calculations. First gold should be separated by karats and then the separated carats should be divided with
the purest known carat which is 24 k. The divided number or result has to be multiplied with the current price of gold per grams. For example, if you have an 18 karat ring that weighs 1 gram, and the price per gram is $26, then you take 18 divided by 24 and multiply your answer by 26. This gives you the price per gram of 18 karat gold, which is $19.50.
Festivity and wedding season is around and Indians are on their toes to make it auspicious with the sheer touch of gold and this is where gold jewellery comes into scene. Weddings brings flavor of gold and with that comes the craze for engagement rings. Wedding or engagement rings are among those essential wedding jewels and jewellery which can’t be skipped or avoided just because gold prices have skyrocketed. These gold rings come in both pure 24 k form and also in 14k, 22k etc.
Here are some carats and purity related facts of gold. These standards of carats are according to European gold standards.
24 Karat Gold Jewelry, where 24 of the 24 parts are gold, 99.99% fine gold.
22 Karat Gold Jewelry, where 22 of the 24 parts are gold and 2 parts are one or more additional metals, making it 91.7% gold.
18 Karat Gold Jewelry, where 18 of the 24 parts are gold and 6 parts are one or more additional metals, making it 75% gold.
14 Karat Gold Jewelry, where 14 of the 24 parts are gold and 10 parts are one or more additional metals, making it 58.3% gold.
12 Karat Gold Jewelry, where 12 of the 24 parts are gold and 12 parts are one or more additional metals, making it 50% gold.
10 Karat Gold Jewelry, where 10 of the 24 parts are gold and 14 parts are one or more additional metals, making it 41.7% gold.
Commonly known, bought and dealt carats are 9, 14, 18, 22, 24 k. but still 18ct is mostly preferred when it comes to selecting engagement rings.
9ct gold = hallmarked with 375 (meaning it is 37.5% pure gold)
18ct gold = hallmarked with 750 (meaning it is 75% pure gold)
Two most important factor matters while buying gold which is hardness or the solidity and durability. As engagement and wedding rings are to be worn in daily usage, it has to be that durable and solid to remain intact in finishing etc. So 22 & 24 K can’t fit in due to the longetivity and durability factor as they would be too soft to use any gold jewellery. Remaining 9 and 14 are contains lesser parts of gold due to the alloys mixed. This is the major reason of 18 k rings gaining the market. 18 k gold jewellery has the perfect combination and alloy of other metals in balanced form to maintain the purity, solidity and durability of gold.